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Product Type
 Buffered
 Capital Protected Notes

Asset Class
 Commodities
 Equities
 Interest Rates
 Foreign Exchange

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Home      Our Products        Product Details

Callable Floating Rate Note linked to the 3 Month LIBOR
78009KNS7

 Product Detail Underlying Detail Interactive Chart
 Ref.: n/a      Bid: 92.41 %      Ask: 93.41 %      % change: +1.06 %**
Last update: 08/10/11                   View performance over: max

[GRAPHIC OMITTED]

Product Facts                          Performance  and  Statistics
Product type         Capital Protected Daily high                    92.89
Underlying                 USD 3 Month Daily low                     92.37
                                 Libor Yearly high (05/09/11)        95.89
Currency                         USD   Yearly low (03/03/11)         89.84
Issue Size (USD               $ 30,000
000's)                                 All Time High (11/30/10)      96.94
Settlement Date               11/22/10 All Time Low (03/03/11)       89.84
Principal Protection          100.00 % Codes
Maturity                      11/22/18
Underlying currency              USD   CUSIP                    78009KNS7
Ratio                              1:1
Quanto                              No

Please read the relevant prospectus, which contains material terms of the
securities and important risks that you should consider, before investing.
Capital Protected Notes protects your principal invested only against any
decline in the underlying market measure at maturity. They are not guaranteed or
insured by the Federal Deposit Insurance Corporation (FDIC) or secured by
collateral, nor are they obligations of or guaranteed by the UK government. All
payments due on Capital Protected Notes remain subject to the credit risk of the
issuer and its parent company.

Disclaimer

*If you are an individual investor and would like additional information about
the current offerings above, please contact your broker-dealer or financial
advisor. You should consult your financial and tax advisor to determine whether
a structured product is suitable for you and your investment needs and
objectives. You must make your own independent decisions regarding any
securities or financial instruments mentioned herein. You should consider
whether an investment strategy or the purchase or sale of any structured product
is appropriate for you in the light of your particular investment needs,
objectives, risk tolerance, and financial circumstances.

If you are a registered representative or a financial professional and would
like additional information about the offerings above, please contact Private
Investor Products North America at 1-866-PIP-IDEA (1-866-747-4332).

Information on the website regarding the performance of a security or the
underlying or any other financial instrument always relates to the past. Past
performance is not indicative of future results.

The Royal Bank of Scotland N.V. ("RBS N.V.") and The Royal Bank of Scotland plc
("RBS plc") have each filed a registration statement (including a prospectus)
with the


Top 5 Capital Protected

Steepener linked to the
USD CMS 30 Years -      +4.19 %**
USD CMS 2 years
----------------------- ---------
Steepener linked to the
USD CMS 30 years -      +3.71 %**
USD CMS 2 years
----------------------- ---------
Steepener linked to the
USD CMS 10 years -      +3.27 %**
USD CMS 2 years
----------------------- ---------
Steepener linked to the
USD CMS 30 years -      +2.75 %**
USD CMS 2 years
----------------------- ---------
Leveraged CPI Linked
Securities With Fixed   +0.72 %**
First-Year Coupon
----------------------- ---------

Download Prospectus (591 KB)

SEC Legend

United States Securities and Exchange Commission (the "SEC") for the offering of
securities that are issued by RBS N.V. and guaranteed by RBS Holdings N.V. or
that are issued by RBS plc and guaranteed by The Royal Bank of Scotland Group
plc. Before you invest in any securities referenced on this website, you should
read the prospectus in the relevant registration statement and other documents
that have been filed with the SEC for more complete information about relevant
issuer and guarantor, and their respective offerings. You may get these
documents for free by visiting EDGAR on the SEC's website at www.sec.gov.
Alternatively, RBS N.V., RBS plc, or their affiliates will arrange to send you
the prospectus if you request it by calling toll free 1-(888) 644-2048.

** From close of business yesterday

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